The trend series for the value of total personal finance fell 2.5%, due to a fall in both fixed lending commitments (down 3.2%) and revolving credit commitments (down 1.9%).

The seasonally adjusted series for the value of total personal finance commitments fell 7.8%, due to a fall in both fixed lending commitments (down 11.9%) and revolving credit commitments (down 4.5%).

COMMERCIAL FINANCE

The trend series for the value of total commercial finance commitments fell 6.9%. This was due to a fall in both fixed lending commitments (down 8.3%) and revolving credit commitments (down 4.2%).

The seasonally adjusted series for the value of total commercial finance commitments rose 3.2%. This increase was due to a rise in both revolving credit commitments (up 7.2%) and fixed lending commitments (up 1.1%).